KBC Group NV Sells 15,924 Shares of Delphi Automotive PLC (DLPH)
KBC Group NV reduced its position in Delphi Automotive PLC (NYSE:DLPH) by 33.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,668 shares of the auto parts company’s stock after selling 15,924 shares during the period. KBC Group NV’s holdings in Delphi Automotive PLC were worth $2,775,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in DLPH. Global X Management Co. LLC increased its stake in shares of Delphi Automotive PLC by 9.7% in the second quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock valued at $113,000 after buying an additional 114 shares during the last quarter. Assetmark Inc. increased its stake in shares of Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock valued at $122,000 after buying an additional 46 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Delphi Automotive PLC during the first quarter valued at $126,000. Jacobi Capital Management LLC increased its stake in shares of Delphi Automotive PLC by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock valued at $141,000 after buying an additional 382 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Delphi Automotive PLC by 4.7% in the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock valued at $144,000 after buying an additional 74 shares during the last quarter. Institutional investors own 91.90% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at 94.26 on Friday. The company has a 50-day moving average price of $92.15 and a 200 day moving average price of $84.21. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $95.44. The stock has a market capitalization of $25.15 billion, a PE ratio of 19.95 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 earnings per share. Equities analysts forecast that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, August 7th. Delphi Automotive PLC’s payout ratio is 24.58%.
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Several analysts have weighed in on DLPH shares. Jefferies Group LLC boosted their price objective on Delphi Automotive PLC from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Bank of America Corporation reiterated an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Delphi Automotive PLC in a research report on Friday, June 16th. BidaskClub upgraded Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Finally, Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive PLC and gave the company a “buy” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $93.78.
In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $91.35, for a total transaction of $191,835.00. Following the transaction, the senior vice president now owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph R. Massaro sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total value of $257,370.00. Following the transaction, the chief financial officer now directly owns 55,779 shares in the company, valued at approximately $4,785,280.41. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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